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Get your taxes done using TurboTax
Hi btagabi01, thanks for joining us today!
Under the Inflation Reduction Act, if you complete the business installation project after 2022, the tax credit per property item is up to $100,000 per EV charger. This means that while electric vehicle chargers are not entirely tax deductible, you might benefit from the tax incentives that apply for refueling property.
Here is a link that goes into more details and to see if you qualify:
https://www.irs.gov/credits-deductions/alternative-fuel-vehicle-refueling-property-credit
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‎October 25, 2023
10:56 AM